Fresh Start Program

Even if you have a great credit history and a high credit score, you should examine all your financing options. This is where Jerry’s can help the most, we have a full range of lenders waiting to service our customers credit needs, so we can find the best financing available to you. .Sometimes circumstances in life happen that can damage your credit history. Loss of job, vehicle stops running or medical bills that leave you short for a period of time.

When it is difficult to get a loan and you are having trouble recovering from an unfortunate circumstance or series of circumstances...Jerry’s gives you a way. Our network of lenders can help you rebuild and also have the reliable transportation you need to get to the back on the road. The Jerry’s Automotive Promise is to always find you the right financing to meet your needs and never obligate you to more than you can afford.

If you are faced with one of the following issues, Jerry’s Automotive Group can help you rebuild AND drive.

Bankruptcy

We have lenders on standby that can assist if you have completed your Chapter 13 or Chapter 7 Bankruptcy. Even though Bankruptcy may remain on your credit for up to 10 years, the best way to move past this is to re-establish with new credit... and a vehicle loan is one of your best opportunities here. We can help you re-establish once your Bankruptcy is complete and you have received your discharge letter. Or if you have a Bankruptcy in the past and would like to start re-establishing give us a call.

Repossessions

In the event that you have had a vehicle either voluntary or involuntarily re-possessed you can get another loan. With many of our lenders you will be eligible after one year. A handful of lenders will accept 6 months and we have even obtained approvals for shorter time periods. Be warned however, the size of your down payment will have the most impact on getting a lender to take the risk again.

Slow Payments

Our lenders know that things come up. In most cases we can help even if you have slow credit card payments, high balances, charge-offs, medical bills and other less than perfect payment history.

If you are a home owner and you had some slow payments or you are in a loan modification, in most cases we can help. The lenders understand and want to get you a loan to help keep your budget in place with an affordable payment. Some lenders may request a copy of the new arrangement and will approve you for a new or pre-owned vehicle.

First Time Buyers

Are you just getting started?

You may not need a co-signer if you have stable employment or a job that pays regularly, apply today and see if you qualify for our special programs designed to get you started on your way to a strong credit history. Jerry’s Automotive Group represents manufacturers that occasionally offer “First Time Buyer” discounts that can help, so don’t forget to ask your Sales Associate if those programs are currently available.

The requirements for being considered for an auto approval are not difficult. You must be employed or receiving some sort of regular benefits like disability or social security, at least 18 years of age and a citizen or registered permanent resident of the United States.

So apply today! Upon Completion of your application, one of our loan officers will be in touch with you to discuss your particular situation. Generally, a two year history is required in order for our lenders to consider you for a loan.

You can be conditionally approved before you walk in the door if you can provide us with your proof of income:

Pay Stub no more than 30 days old

3 months of bank statements

A signed Request for Transcript of Tax Return 4506-T form is required for all self-employed applicant(s) to verify income from previous 2 years tax returns.

It's the Big Day!

It’s the day you have looked forward to – the day you drive off in your new vehicle! We will need to do a little paperwork before you leave – so please double check and make sure you bring everything we’ll need. The process will be quicker and easier.

We will need:

Valid Driver's License that is current.

6 Personal References with name, address, phone number and relationship.

Minimum 2 Family Members required.

Proof of Residency, if applicable, consisting of one or more of the following items in the applicant's name:

Telephone or utility bill no more than 30 days old

If you’re a Registered Foreign Permanent Resident, make sure you have your ID

Frequently Asked Questions (FAQs)

A: The loan amount that you will get pre-approved for is based on a number of factors. They are based on income, and age of the vehicle and the overall risk assessed by the lender. All documents must be turned in before a true number can be given.

A: Yes! We are open 24 hours a day, 7 days a week, 365 days a year and the majority of the people we serve live on Woods' campus. We also have a day school and day programs for those living in the community.

A: If you're shopping around for an auto loan or more credit, you should know that when creditors check your credit, it places an inquiry on your credit report. Inquiries can add up, which is often interpreted negatively by creditors. For this reason, too many inquiries can actually make getting an auto loan more difficult.

A: A co-signer may be considered for a Buyer who does not comply with all the credit requirements. The income of the Buyer, however, must meet all the income and budget guidelines without reliance upon the income of the co-signer.

A: Monthly payments are based on your credit profile and the vehicle you are purchasing. Newer, lower mileage cars qualify for extended terms. The best payments are on less expensive cars that have less than 50,000 miles.

A: Rates are based on your credit history and the equity position of the loan. We will negotiate the best situation we can based on your credit profile. The higher your credit rating and down payment the lower your rates will be. Also, the model year of the vehicle plays an important role. Rates generally increase 1 point per model year. So, the older the car, the higher the rate.

A: If the repossession was not included in a bankruptcy and there is still a balance on the account, you can still pre-qualify. Greater money down requirements will apply and vehicle selection will be limited to newer cars that are still under factory warranty.

A: As long as the bankruptcy is discharged, yes you can. We can help you re-establish once your Bankruptcy is complete and you have received your discharge letter. Or if you have a Bankruptcy in the past and would like to start re-establishing give us a call. Remember, a Bankruptcy may remain on your credit for up to 10 years, the best way to move past this is to re-establish with new credit... and a vehicle loan is one of your best opportunities here.

A: Jerry’s Automotive Group often has several First Time Buyer Programs that are available with our lenders and manufacturers. These programs will help you not only qualify but also, occasionally, reduce the cost of the vehicle

A: With the relationships we have built with our lenders for selling quality vehicles and the years of experience helping people with a problem get back on track. Our process ensures that each application has the best possibility of approval prior to submission.

A: We recommend that you consult with one of our Sales Associates first. They can determine how much you qualify for before you start shopping. This method will increase your chances of approval and decrease the number of inquiries on your credit report. Inquires usually have a negative effect on your credit rating.

For Example:
You decide to buy a new $40,000 Ford Mustang at a dealership without being approved. The dealer may keep submitting your application until it is approved or the dealer has exhausted all their lender resources. We are not going to wish you in to a car loan but prepare a reasonable loan package so you are approved. We need to determine if you qualify for the Mustang. If so, your loan package will be submitted. If you don't qualify, we’ll guide you to the best vehicles and financing options that fit your needs, without numerous inquiries showing up on your credit report. Most dealers are trying to sell you the vehicle you want but not doing the due diligence to make sure you can afford the vehicle.

A: There are no minimum qualifications to pre-qualify! Each auto loan application is evaluated based on the credit profile and equity position. An applicant with previous good auto credit, for example, may not have to meet income and job time requirements; whereas an applicant with a recent repossession would.

A: Lenders prefer newer vehicles still under warranty so you won't have to worry about unexpected repairs.

Prices include all available factory rebates, incentives (residency restrictions may apply), and dealer discounts. Not all
consumers will qualify for all incentives and rebates. Certain rebates and incentives cannot be combined. All financing
subject to approved credit. Prices exclude freight, tax, tags and dealer processing fee of $689.00. Freight charge varies
depending on the model, $750-$1,495. Some prices may exclude Recon/PDI fees. Prices are valid based on current
manufacturer incentive programs, which vary by model. See Dealer for details. While every reasonable effort is made to
ensure the accuracy of this information, we are not responsible for any errors or omissions contained on these pages.
Please verify any information in question with Jerry's Ford. All vehicles subject to prior sale.